5. Which of the following statement is appropriate in case of monopoly
(1 Point)
O AR curve slopes upward while MR curve slopes downward
Slope of both AR and MR curves is upwards
Slope of both AR and MR curves is downwards and MR curve is below AR curve
Slope of both AR and MR curves is downwards and MR curves is above AR curve
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Explanation:
curve slopes upward while MR curve slopes downward
Slope of both AR and MR curves is upwards
Slope of both AR and MR curves is downwards and MR curve is below AR curve
Slope of both AR and MR curves is downwards and MR curves is above AR curve
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